How HB 2862 changes current law
An Act amending Title 4 (Amusements) of the Pennsylvania Consolidated Statutes, in fantasy contests, further providing for general and specific powers of board; in interactive gaming, further providing for regulatory authority; in sports wagering, further providing for regulatory authority; and, in administration and enforcement, further providing for prohibited acts and penalties. · Pennsylvania
How this bill changes current law
4 changesAI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill requires licensed operators, interactive gaming certificate holders, and sports wagering certificate holders in Pennsylvania to provide monthly account activity statements to participants and establishes penalties for non-compliance.
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Section 311(b)
(13) To require each licensed operator to provide to each participant located in this Commonwealth a monthly account activity statement that includes: ... (14) To deliver the monthly account activity statement under paragraph (13) through both email and mail, with an option for the participant to opt out of the mail delivery method.
The board is given the power to require licensed operators to send monthly account statements to participants, detailing their gambling activity.
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Section 13B02(a)(15)
(15) Requiring each interactive gaming certificate holder to: (x) Provide to each registered player a monthly account activity statement that includes: ... (xi) Deliver the monthly account activity statement under subparagraph (x) through both email and mail, with an option for the registered player to opt out of the mail delivery method.
Interactive gaming certificate holders must provide registered players with similar monthly account statements and delivery options as required for licensed operators.
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Section 13C02(8)
(8) Requiring each sports wagering certificate holder to: (viii) Provide to each player of sports wagering conducted by the wagering certificate holder a monthly account activity statement that includes: ... (ix) Deliver the monthly account activity statement under subparagraph (viii) through both email and mail, with an option for the player to opt out of the mail delivery method.
Sports wagering certificate holders are mandated to furnish monthly account statements to players, matching the requirements established for other operators.
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Section 1518(c)
(4) In addition to any other fine or penalty under this part or regulation promulgated under this part, if a licensed operator violates section 311(b)(13) ...; (5) If an interactive gaming certificate holder violates section 13B02(a)(15)(x)...; (6) If a sports wagering certificate holder violates section 13C02(8)(viii)...
The bill establishes penalties, allowing the board to impose fines and revoke licenses for violations related to the monthly account activity statements.
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https://www.oneclickpolitics.com/bills/1428967-hb-2862/current-law